National Bank Initiates Coverage on Silver Standard Resources (USA) to Outperform

National Bank Initiates Coverage on Silver Standard Resources (USA)(NASDAQ:SSRI). The shares have been rated Outperform. The rating by National Bank was issued on Jun 29, 2016.

In a different note, On Jun 27, 2016, CIBC said it Upgrades its rating on Silver Standard Resources (USA). The shares have been rated ‘Sector Outperformer’ by the firm.

Silver Standard Resources (USA) (SSRI) made into the market gainers list on Fridays trading session with the shares advancing 4.54% or 0.59 points. Due to strong positive momentum, the stock ended at $13.58, which is also near the day’s high of $13.655. The stock began the session at $13.5 and the volume stood at 23,45,808 shares. The 52-week high of the shares is $13.655 and the 52 week low is $3.659. The company has a current market capitalization of $1,100 M and it has 8,09,99,616 shares in outstanding.

Silver Standard Resources (USA)(SSRI) last announced its earnings results on May 11, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $101.51M. Analysts had an estimated revenue of $96.25M. Earnings per share were $0.11. Analysts had estimated an EPS of $-0.02.

Silver Standard Resources Inc. is a resource company. The Company is focused on the operation acquisition exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine Marigold mine and Exploration and evaluation properties. As of February 18 2015 the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina and gold production from the Marigold mine in Nevada the United States. The Company’s development projects include San Lius Peru; Pitarrilla Mexico and Diablillos Argentina. Its exploration projects consist of Berenguela Peru; Candelaria the United States; Maverick Springs the United States; San Marcial Mexico; Sunrise Lake Canada and Parral Mining District Mexico.

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